#Khaadi Has FINALLY Responded To Those Allegations With Their Side Of The Story

ARY NEWS

Renowned clothing brand Khaadi on Monday issued a clarification regarding a social media campaign against the brand.

The brand which was under fire for allegedly mistreating and firing its workers is facing a boycott campaign on social media after rumours one of its workers attempted suicide after being fired.

In a short statement, the brand categorically confirmed  hat it has not terminated 32 of its employees and the story regarding apparent attempted suicide of a young female worker is baseless.

“We categorically confirm that Khaadi has NOT terminated 32 of its employees. Another malicious story being spread and linked to the above is of the apparent attempted suicide of a young female worker. Why anyone should spread this outright lie is beyond understanding, but this just goes to show how some vested interests will stop at nothing to premeditatedly plan to try and cause reputational harm to Khaadi,” said the statement issued by the brand.

The statement adds that Khaadi, being a responsible corporate citizen, has always endeavoured to maintain and adhere to the highest standards in all operations-which also includes following best practices with regard to its biggest assets, the brand’s employees.

The brand also appealed to all social media users not to share or spread news that is pure hearsay, or base your comments on speculative news, no matter shared by who, without fully knowing the facts yourself.

A number of social media activists started calling for boycott of Khaadi after video of protest by people claiming to be workers of the brand went viral on social media.

A hashtag #BoycottKhaadi is also trending on the Twitter with social media activists calling for the nationwide boycott of Khaadi.

Alibaba group set to enter Pakistan; signs first MoU

APP

Pakistan on Tuesday signed a Memorandum of Understanding with Alibaba Group Holdings Limited to promote country’s worldwide exports by Small and Medium Enterprises (SMEs) through e-commerce.

The agreement between Alibaba and Trade Development Authority of Pakistan (TDAP) was signed by Commerce Minister Khurram Dastgir and Michael Evans, President of Alibaba Group, and Douglas Feagin, Senior Vice President of Global Business of Ant Financial, on behalf of Alibaba, during the visit of Prime Minister Muhammad Nawaz Sharif to the headquarters of the company.

Alibaba Group’s Executive Chairman, Jack Ma and Prime Minister Nawaz Sharif witnessed the signing ceremony.

Under the terms of the MoU, Alibaba, Ant Financial, and TDAP agreed to foster growth of worldwide exports of products by small and medium sized enterprises (SMEs) in Pakistan through e-commerce.

Online and offline training programs for the SMEs would also be conducted by Alibaba in a bid to assist SMEs with on-boarding on to Alibaba’s platforms and optimizing exports through e-commerce.

TDAP will help identify suitable SMEs to participate in the training programs while Alibaba will be responsible for providing industry analysis to TDAP to assist them in their selection process.

In addition, Alibaba, Ant Financial and TDAP have agreed to promote the growth of financial services in Pakistan in areas such as mobile and online payment services.

The parties have also agreed to adopt cloud computing services to support the online and mobile e-commerce businesses of SMEs in Pakistan.

DAWN.com

Pakistan closely coordinating with China for planning, implementation of CPEC: Nawaz

DAWN.com
Prime Minister Nawaz Sharif  shakes hands with China's President Xi Jinping. —AFP
Prime Minister Nawaz Sharif shakes hands with China’s President Xi Jinping. —AFP

Prime Minister Nawaz Sharif said Pakistan strongly favours cooperation and synergetic partnerships across regions to ensure socio-economic development and prosperity.

He was speaking at the leaders’ roundtable on policy synergy in Beijing on Monday, Radio Pakistan reported.

“It is imperative that we appreciate the ‘Belt and Road’ initiative in its proper perspective of interconnected development. It is now turning into the centre of gravity for half of the world’s economies in Asia, Africa and Europe,” the prime minister was quoted as saying.

The premier said as part of the same initiative under China-Pakistan Economic Corridor (CPEC) banner, “we have made phenomenal progress in a short span of time through active participation in the areas of infrastructure, energy, industrial zones, and telecommunications”.

He, however, said four areas require more focus.

“First, overall progress should be reviewed as we all stand to benefit from early harvest projects. Second, we need more synergy in our development strategies both at the regional and international levels. Third, this initiative must continue to deliver “win-win” outcomes. Four, we should build on the solid foundations of One Belt One Road to make it a living, growing and organic partnership,” the premier was quoted as saying.

Nawaz said Pakistan is harmonising national development plans with CPEC project, closely coordinating with China for planning and implementation of CPEC and liaising with international financial institutions for policy alignment.

He called for expanding consensus for One Belt One Road, enhancing cooperation in development and implementation and prepare a blueprint and roadmap for long-term cooperation.

Speaking in the second session of the roundtable on ‘connectivity cooperation for interconnected development’, the premier said Pakistan is pursuing vision of a peaceful, inter-connected and prosperous neighbourhood with great determination.

“Rapid digitalisation and next generation connectivity are at the heart of our agenda for transforming into a knowledge-based economy,” he said.

The prime minister was of the view that CPEC is creating new supply and logistic chains, as well as manufacturing networks. “It has infused Pakistan’s economy with new vitality and dynamism.”

He said Gwadar Port, which is the pivot of CPEC, will link up East, West and South Asia. It will also reach out to African and European markets.

Core of the “One Belt-One Road” initiative is connectivity and long-term development, especially in developing countries, the premier concluded.

Samsung Electronics says Galaxy S8 pre-orders exceeded S7

Reuters

Pre-orders for Samsung Electronics Co Ltd’s flagship Galaxy S8 smartphone have exceeded those of its predecessor S7, mobile business chief Koh Dong-jin said on Thursday, suggesting many consumers were unfazed by last year’s Galaxy Note 7 fires.

The S8, which began sales in South Korea, the United States and Canada on April 21, will be central to the South Korean firm’s recovery from the swift withdrawal of the Note 7 phablet.

The new device has been well-received, and some investors and analysts said it could set a first-year sales record for the smartphone giant.

“It’s still a bit early, but initial response to the pre-orders that have begun at various places across the world have been better than expected,” Koh said at a media briefing.

The S8 will be the safest Galaxy smartphone to date due to safety measures implemented to avoid the battery failures that caused some Note 7s to spontaneously combust, he said.

Analysts expect Samsung to record its best-ever quarterly profit in April-June, buoyed by strong S8 sales and a memory chip market boom that is widely expected to deliver record revenue for the industry this year.

The new device, equipped with either 5.8-inch or 6.2-inch curved screens, sports the largest screens to date among all of Samsung’s flagship phones due to a redesign.

Koh also said the firm plans to use the S8 to try to recover in China, where Samsung has been out of the top five vendors in recent years due to heightened competition from local rivals such as Huawei Technologies Co Ltd.

He said Samsung will aim to regain market share in China even if it takes time, without elaborating on specific strategies.

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Yahoo accused of mismanaging fund for dissidents in China

AFP

A lawsuit accused Yahoo of breaking a financial promise it made to Chinese dissidents almost a decade ago as penance for helping the Chinese government find and jail other activists.

The complaint, filed Tuesday in a Washington, D.C., federal court by a group of Chinese dissidents, contends that Yahoo mismanaged a $17 million fund set up to provide financial aid to activists.

Embroiled in China

Yahoo created the human rights fund in 2007, days after U.S. legislators roasted the company for providing authorities with information that led to the imprisonment of two Chinese dissidents, Wang Xiaoning and Shi Tao.

The complaint alleges that Yahoo allowed Harry Wu, a now-deceased dissident from China, to spend about $13 million of the fund enriching himself and pursuing other projects tied to his interests.

Only $700,000 has been doled out to Chinese dissidents who had been imprisoned for expressing their opinions online, the reason Yahoo bankrolled the fund, according to the lawsuit.

Yahoo declined to comment.

The plaintiffs want Yahoo to replenish the fund and to pay unspecified damages. The suit arrives at a delicate time for Yahoo, which is preparing to sell its online operations to Verizon Communications for $4.5 billion.

Lectured by Congress

The unflattering portrait drawn in the lawsuit represents yet another blotch on Yahoo’s record in China. Yahoo’s role in fingering Wang and Shi subjected the Sunnyvale, California, company to withering criticism that culminated in Yahoo co-founder Jerry Yang being grilled during a Congressional hearing.

“While technologically and financially you are giants, morally you are pygmies,” Rep. Tom Lantos, a California Democrat, told Yang.

Two days later, Yahoo announced the $17 million fund as part of a settlement that ended lawsuits related to its role in the imprisonment of Wang and Shi. “We are committed to making sure our actions match our values around the world,” Yahoo vowed in a November 2017 statement announcing the fund.

Alleged mismanagement

The new lawsuit argues Yahoo instead used the fund as “window dressing” to help shield the company from further ridicule and resolve other lawsuits.

Meanwhile, Yahoo turned a “blind eye” to Wu’s reckless spending, even though company executives had been warned about the abuses as far back as 2010, according to the complaint.

Among other things, the complaint alleges that Wu paid himself and his wife more than $1 million, spent about $4 million buying real estate in Washington and more than $800,000 on his own legal bills, including a case alleging sexual harassment.

Wu, who spent 19 years in Chinese labor camps, died last year.

Dawn.com